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Property profile

3201 Mckenzie St Foley, AL 36535

OFF-MARKET
Land
16 ac lot
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Property summary

AI-generated overview

Two exceptional commercial land parcels totaling approximately 16 to 19 acres are available in Foley, Alabama, offering unparalleled access and visibility. Strategically located off Highway 59, these parcels sit behind the site and on either side of Juniper Road Extension, sharing cross-access with established businesses like Big Lots, Hobby Lobby, Lowe's, and Shoe Station. The property benefits from its proximity to a thriving retail corridor, with recent additions including Culver's and upcoming establishments such as 7 Brew, Texas Roadhouse, Captain D's, and New Horizons Credit Union. This location enjoys exceptional visibility and high traffic counts. Foley's prime location, just eight miles from the popular Gulf Coast beaches, contributes to its robust economy. Baldwin County boasts over eight million annual visitors and $7.3 billion in annual visitor spending, creating a strong market for commercial development. The property's proximity to major tourist attractions, including Tanger Outlets, two golf courses, and the expansive 520-acre OWA family resort, theme park, and sports complex, further enhances its investment potential. The property is zoned B-1A, providing flexibility for a variety of commercial uses. This presents a rare opportunity to acquire high-value commercial land in a rapidly growing area with significant tourism and retail activity.

Property profile

Verified
Property type Land
Lot 16 ac (696,960 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Cafe & Coffee Shop

Location

3201 Mckenzie St Foley, AL 36535
Foley metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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